Bill > HSB27

Introduced Session

This bill relates to the veterans trust fund. The bill requires that each fiscal year in which the balance of the veterans trust fund is below $75 million, rather than $50 million, the interest on the veterans trust fund and the first $500,000 received from the lottery fund be appropriated to the commission of veterans affairs to provide various benefits to veterans and veterans’ families according to Code section 35A.13(8). The bill removes the requirement that when the balance of the veterans trust fund is above $50 million but was below $50 million the previous fiscal year, moneys S.F. _____ H.F. _____ transferred from the lottery fund be appropriated to the commission of veterans affairs to be used according to Code section 35A.13(8). The bill also removes the requirement that when the balance of the veterans trust fund for both the present and the previous fiscal year are above $50 million, the net income of the veterans trust fund from the previous fiscal year be appropriated to the commission of veterans affairs to be used according to Code section 35A.13(8). The bill removes the requirement that the moneys from the lottery fund be distributed to county directors of veteran affairs when the veterans trust fund has a balance of more than $50 million, and terminates transfers from the lottery fund for each fiscal year in which the veterans trust fund has a balance of at least $75 million.

Committee Categories

No sponsors listed

Other Sponsors (1)

Committee report approving bill, renumbered as HF 534. (on 02/20/2025)

Official Document